Welcome to our dedicated page for Celsius Holdings news (Ticker: CELH), a resource for investors and traders seeking the latest updates and insights on Celsius Holdings stock.
Celsius Holdings, Inc. (Nasdaq: CELH) is a leading player in the global nonalcoholic beverage market, specializing in energy drinks that promote fitness and active lifestyles. Founded with a mission to provide healthier energy options, Celsius offers a range of products designed to accelerate metabolism, burn body fat and calories, and provide sustained energy without the downsides of sugar, preservatives, or artificial additives.
The company's flagship brand, CELSIUS®, is available in various formats, including carbonated and non-carbonated drinks, as well as convenient powder sticks that can be mixed with water. CELSIUS® drinks come in seven delicious flavors and are enriched with essential vitamins, making them a popular choice among fitness enthusiasts. The products are 100% gluten-free and kosher certified.
Celsius Holdings has been recognized with 15 international awards for taste and innovation. The company's commitment to quality and efficacy is backed by six university studies published in peer-reviewed journals. These studies validate the health benefits of CELSIUS®, further bolstering the brand's reputation.
In terms of business operations, Celsius Holdings focuses on branding and innovation while outsourcing manufacturing, packaging, and distribution to third parties. The company made a significant strategic move in 2022 by signing a 20-year distribution agreement with PepsiCo, which also holds an 8.5% stake in Celsius Holdings. This partnership aims to expand the company's reach, initially in North America and recently into Canada and parts of Europe.
Recent Achievements and News:
- On November 7, 2023, Celsius reported its third-quarter financial results, highlighting strong performance and continued growth. A replay of the conference call discussing these results is available for 90 days.
- In January 2024, Celsius announced its expansion into Canada, the United Kingdom, and Ireland, with PepsiCo serving as the exclusive distributor in Canada.
- On February 9, 2024, Celsius entered a global multi-year partnership with Scuderia Ferrari, becoming the official energy drink of the Formula 1 racing team.
- On February 22, 2024, the company announced its fourth-quarter and full-year 2023 financial results, showcasing record performance.
- In March 2024, Celsius revealed plans to expand into Australia and New Zealand, partnering with Suntory Oceania for manufacturing and distribution.
- Celsius reported record first-quarter 2024 financial results on May 7, 2024, with significant revenue growth and market share gains.
With a focus on innovation, strategic partnerships, and international expansion, Celsius Holdings, Inc. continues to solidify its position in the rapidly growing energy drink market.
Celsius Holdings, producer of the CELSIUS® energy drink, announced that its Chairman and CEO, John Fieldly, and CFO, Jarrod Langhans, will participate in a webcast fireside chat at the 4th Annual Evercore ISI Consumer and Retail Conference. The event is scheduled for June 11, 2024, at 2:45 p.m. ET.
The participation in this conference underscores Celsius Holdings' commitment to engaging with investors and showcasing its strategic direction and financial health. The webcast link for the event is: https://wsw.com/webcast/evercore43/celh/2329976.
Celsius Holdings is listed on NASDAQ under the ticker CELH, and it focuses on creating energy drinks designed to support active lifestyles.
Celsius Holdings, Inc. (Nasdaq: CELH) will participate in upcoming investor conferences, including the Goldman Sachs Global Staples Forum, B. Riley 24th Annual Institutional Investor Conference, William Blair 44th Annual Growth Stock Conference, and Jefferies Consumer Conference. The company is known for its premium lifestyle energy drink, CELSIUS®, formulated to provide ESSENTIAL ENERGY™ for active lifestyles.
Celsius Holdings, maker of CELSIUS® energy drink, reported record first quarter 2024 financial results with revenue of $355.7 million (up 37% YoY), gross profit of $182.2 million (up 60% YoY), and diluted EPS of $0.27 (up 108% YoY). The company's North American and international sales both saw significant growth, driving overall revenue increase. Celsius also achieved a 51% gross margin and an 81% increase in Adjusted EBITDA compared to the previous year.
Celsius Holdings, Inc. (Nasdaq: CELH) will unveil its first-quarter financial results on May 7, 2024, before the market opens. The company will conduct a conference call and webcast at 10 a.m. ET to discuss the results. CELSIUS® is known for its energy drinks and is a leader in the energy market.
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